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Wednesday, June 10, 2009

Dow Jones Analysis 6/11/09 Stock Market Analysis

The following is Technical Analysis for the Dow Jones ( DJIA ) for 6/11/09

Dow Jones Industrial Average Support & Resistance Levels - June 11, 2009

Resistance Levels: 8840, 9000

Support Levels: 8600, 8500, 8250




The Dow Jones tested the 8840 resistance level at the open but failed as the day went on. The Dow has basically traded sideways on low volume all week. A close above 8840 would set up a retest of 9000 which I think will eventually happen. If the Dow closes back under 8500 I will then be cautious when thinking about buying stocks. Eventually, the 50 day moving average will be retested. For More Technical Analysis - Go Here


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